Guess? (NYSE:GES) Reaches New 52-Week Low – Here’s What Happened

Shares of Guess?, Inc. (NYSE:GES) reached a new 52-week low on Tuesday . The stock traded as low as $16.78 and last traded at $16.98, with a volume of 50854 shares traded. The stock had previously closed at $17.15.

Analysts Set New Price Targets

Several brokerages have recently commented on GES. Telsey Advisory Group lowered their price target on shares of Guess? from $26.00 to $21.00 and set a “market perform” rating for the company in a research report on Thursday, August 29th. UBS Group reduced their price objective on shares of Guess? from $24.00 to $22.00 and set a “neutral” rating on the stock in a research note on Friday, August 30th. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $27.25.

Guess? Stock Performance

The stock has a market cap of $891.11 million, a P/E ratio of 6.99 and a beta of 1.94. The stock has a fifty day simple moving average of $19.03 and a 200-day simple moving average of $21.73. The company has a quick ratio of 0.76, a current ratio of 1.47 and a debt-to-equity ratio of 1.01.

Guess? (NYSE:GES) last announced its quarterly earnings results on Wednesday, August 28th. The company reported $0.42 earnings per share for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.01). The firm had revenue of $732.60 million during the quarter, compared to analyst estimates of $729.96 million. Guess? had a net margin of 6.05% and a return on equity of 24.18%. The business’s revenue was up 10.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.72 earnings per share. Equities analysts expect that Guess?, Inc. will post 2.63 earnings per share for the current fiscal year.

Guess? Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Wednesday, September 11th were issued a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 6.92%. The ex-dividend date of this dividend was Wednesday, September 11th. Guess?’s dividend payout ratio (DPR) is 48.39%.

Institutional Trading of Guess?

A number of large investors have recently bought and sold shares of GES. Quest Partners LLC raised its stake in shares of Guess? by 186.2% in the 2nd quarter. Quest Partners LLC now owns 1,305 shares of the company’s stock valued at $27,000 after purchasing an additional 849 shares during the period. Headlands Technologies LLC bought a new stake in Guess? in the 1st quarter valued at approximately $60,000. Janney Montgomery Scott LLC acquired a new position in Guess? during the 1st quarter worth approximately $208,000. Axxcess Wealth Management LLC acquired a new position in Guess? during the 1st quarter worth approximately $245,000. Finally, Sanctuary Advisors LLC bought a new position in shares of Guess? during the 2nd quarter worth approximately $160,000. 61.74% of the stock is owned by institutional investors.

About Guess?

Guess?, Inc designs, markets, distributes, and licenses lifestyle collections of apparel and accessories for men, women, and children. It operates through five segments: Americas Retail, Americas Wholesale, Europe, Asia, and Licensing. The company’s clothing collection includes jeans, pants, skirts, dresses, shorts, blouses, shirts, jackets, activewear, knitwear, and intimate apparel.